‘Disruptions Come First, Benefits Take Time’: Fed Warns Of AI’s Imminent Impact On Job Market Earlier, Richmond Fed President Thomas Barkin told an audience at the Aiken Chamber of Commerce in South Carolina that consumers “are still spending … we’re not in 2022 anymore. Consumers aren’t as flush,” while also discussing artificial intelligence trends in the labor market. “While consumers are still spending, we are not in 2022 anymore. Consumers are not as flush. They are making choices,” Barkin said, adding that demand remains strong among higher-income earners. Barkin then discussed AI trends reshaping the job market, noting that adoption is ramping up across call… — Continue at ZeroHedge News : Read More
